Nexa will invest US $1.17 billion in Brazil and Peru and several copper-zinc mines will be put into production

Published: Sep 17, 2018 16:59

Save

SMM, 17 Sept: Brazilian mining company Nexa Resources plans to invest about US $1.17 billion in copper and zinc projects in Peru and Brazil over the next five years, Ricardo Porta (Ricardo Porta), general manager of Brazilian mining company Ricardo Porta said Friday. Nexa Resources is one of the top five zinc mine producers in the world.

The closest proposed mine to development is Aripuana, a US $354 million zinc mine in Brazil that is scheduled to go into production in 2020. "We hope to finally approve the project [by the government] in the coming months," Porta said on the sidelines of a mining conference in Lima.

The Shalipayco zinc project and the Magistral and Pukaqaqa copper projects in Peru will be closely followed. Shalipayco is likely to go into production in 2021, Magistral in 2022 and Pukaqaqa in 2023.

"between Brazil and Peru, we have seven projects," Porta said. " He added that the company's top priority was to increase its reserves, which are planned to grow by about 5 per cent a year.

Nexa operates five mines in Brazil, as well as at the Milper (Milpo), Atacacha (Atacocha) and Elbovier (El Porvenir) mines, as well as at the (Cajamarquilla) Zinc Refinery in Carjamakilla, Peru.

Nexa Resources expects to produce 600000 tons of zinc this year.

Copper zinc Nexa

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Feb 6, 2026 23:56

"Premier Li Qiang Leads State Council Meeting on Enhancing Effective Investment, Boosting Economic Growth"

Premier Li Qiang presided over an executive meeting of the State Council to study policy measures for promoting effective investment. The meeting noted that promoting effective investment plays an important role in stabilizing economic growth and strengthening momentum for development. It is necessary to innovate and improve policy measures, and intensify efforts to enhance the efficiency of utilizing funds such as central budget investments, ultra-long-term special treasury bonds, local government special bonds, and new-type policy-based financial instruments. In conjunction with formulating and implementing the 15th Five-Year Plan

Feb 6, 2026 23:56

Feb 6, 2026 23:54

"Guided by Xi Jinping Thought, Implement 20th CPC Congress Spirit, Apply New Development Philosophy...

Guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, we will thoroughly implement the spirit of the 20th National Congress of the Communist Party of China and the plenary sessions of the Party’s 20th Central Committee, fully and faithfully apply the new development philosophy, strengthen top-level design, build computing power interconnection nodes oriented toward national hub periods, major strategic regions, and key industries, establish a system of computing power interconnection nodes, improve the efficiency and service level of public computing power resources, and promote high-quality development of computing power.

Feb 6, 2026 23:54

Feb 6, 2026 23:47

Indirect Iran-US Nuclear Talks in Muscat Show Progress, Omani FM Mediates Tense but Efficient Discussions

After intensive indirect consultations, the new round of nuclear talks between Iran and the US in Muscat, the capital of Oman, has achieved phased progress. It is reported that during this round of talks, the Iranian and US delegations did not meet directly. Instead, Omani Foreign Minister Badr acted as an intermediary, conveying a series of core proposals, strategic concerns, and policy positions to the other side. The atmosphere at the talks was tense yet efficient. According to preliminary on-site assessments, although both sides continue to negotiate over specific terms, they have reached a consensus on the key objective of "continuing dialogue."

Feb 6, 2026 23:47